Someone in Los Angeles just won the $1.08 billion Powerball jackpot
- Someone has finally won the Powerball jackpot.
- The prize ballooned to over a billion dollars after 38 consecutive draws with no jackpot winner.
One lucky person in California just won an estimated $1.08 billion from Wednesday's Powerball jackpot.
"One lucky ticket sold at Las Palmitas Mini Market in Los Angeles was the only ticket across the country to match all 6 numbers in the July 19 #Powerball draw, winning the $1 Billion Powerball jackpot," read a tweet by California Lottery.
The winning numbers for Wednesday night's drawing were: 7, 10, 11, 13, 24, and Powerball number 24.
The lottery winner now gets to choose between a lump-sum payout of $558.1 million. Alternatively, they can opt for an annuitized prize of $1.08 billion, which involves an immediate payment, followed by 29 annual payouts. Both amounts stated are before taxes.
Wednesday's Powerball jackpot was the third-largest Powerball jackpot and the sixth-largest US lottery jackpot ever won. The jackpot had grown to over a billion dollars after 38 consecutive draws with no jackpot winner.
The largest ever Powerball jackpot was a $2.04 billion prize won by Ed Castro, 31, in California in November.
According to the Powerball website, the odds of winning the jackpot are one in 292.2 million.